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What should I do with my tax refund?

Thursday, March 12th, 2009
PTG621 asked:


I will be getting about $510 back from my taxes. Now Im just undecided on what to do with the money. Here is my situation:

I dont have much debt, about $1700.
About 75% of my monthly salary goes into mostly savings/RRSP’s and paying my debt. I am left with $500 for car insurance and other spending monthly. I am planning on going on vacation this coming August for 2 weeks which will cost me approx. $1600 (flight and spending money) which I been saving $50 every two weeks and have almost enough to cover the whole thing.
I have to do some work on my car (for it to last longer) which would cost me about $450.

Now should I put it into my debt, pay to fix my car, save it or use it as extra spening money as I dont have much to work with already.. ??

Whats your advice?

Alvin

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